Dumb Fighting: Social Security is NOT a ponzi scheme

by lestro

So at the debate the other night Rick Perry repeatedly called Social Security a “ponzi scheme.”

He didn’t say it was like a ponzi scheme or that it resembled a ponzi scheme.  He said it is ponzi scheme.  Twice.

Perry: ”[I]t is a monstrous lie. It is a Ponzi scheme to tell our kids that are 25 or 30 years old today, you’re paying into a program that’s going to be there.

and:

Perry: You cannot keep the status quo in place and not call it anything other than a Ponzi scheme. It is. … [T]hat’s provocative language — maybe it’s time to have some provocative language in this country.

It’s a political choice, of course, but what it means is that either he is Dumb or he thinks we are Dumb.  Either way, he is wrong and frankly, saying such a thing is not only a lie, it’s a damn dirty lie and the type of thing that only a world-class Asshole would say with a straight face.  Because Social Security, though flawed, works.  It does what it is supposed to do.

But the Dumb hate that because it ruins their whole “government is the problem” vibe.

Yes, it is a system in which the payments are used to help beneficiaries other than the people paying, giving it a structure that from 30,000 feet looks remarkably similar to a ponzi scheme, but that does not make it a ponzi scheme.  The difference is in things like transparency, the lack of someone stealing the profits, the continuing mechanism of taxes to provide benefits, and most importantly, it is not criminal and it is not a fraud.

But despite the fact that a simple google search will reveal the difference – and a Factcheck piece that also points it out (and uses reality to debunk the idea that Social Security will simply disappear anytime soon), many on the right have tried to seize on this like the “death tax” and have started repeating it on Facebook.

After all, as Reagan said, “facts are stupid things.”

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How to beat a recession

by lestro

As the rest of the country struggles with high unemployment and stagnant job creation, Texas has surged ahead.  Rick Perry has found a way to beat the system.  He has figured it out.  How’d he do it?

Simple: Rick Perry created more government jobs.

With a young and fast-growing population, a large and expanding military presence and an influx of federal stimulus money, the number of government jobs in Texas has grown at more than double the rate of private-sector employment during Perry’s tenure.

The disparity has grown sharper since the national recession hit. Between December 2007 and last June, private-sector employment in Texas declined by 0.6 percent while public-sector jobs increased by 6.4 percent, according to the federal Bureau of Labor Statistics. Overall, government employees account for about one-sixth of the workforce in Texas.

Which of course, stands in direct contrast to exactly what he says on the stump, in speeches that tout his ability to create jobs.

“The fact is, government doesn’t create jobs, otherwise the last 21 / years of stimulus would have worked,” Perry said this month in a speech to the National Conference of State Legislatures. “Government can only create the environment that allows the private sector to create jobs. The single most important contributor to our jobs-friendly climate here in Texas is our low tax burden, because we know dollars do far more to create jobs and prosperity in the people’s hands than they do in the government’s.”

Given that we know that the Republicans need to perpetuate a recession in order to have something to hang on Obama and have therefore been literally doing everything they can think of to keep us in this rut (including laying off large enough numbers of government workers to counteract any positive response the president’s attempts at stimulus might have made), this is something the right better hope the general electorate never, ever learns.

Thankfully, no one in the Obama administration will even attempt to point this out. Because they don’t want to be associated with government jobs either.

Go team.